Potash Corp., Mosaic, CF Industries, and Intrepid Potash Under StockCall's
Microscope
PR Newswire
LONDON, April 3, 2013
LONDON, April 3, 2013 /PRNewswire/ --
Global food demand has been rising on the back of increasing population and
rising income levels in emerging countries. Agricultural chemicals companies
such as Potash Corp. of Saskatchewan Inc. (NYSE: POT), Mosaic Co. (NYSE: MOS),
CF Industries Holdings Inc. (NYSE: CF), and Intrepid Potash Inc. (NYSE: IPI)
have benefited immensely over the past decade from this trend. As farmers look
to improve yields to meet rising demand, the outlook for agricultural
chemicals companies remains bullish. On Tuesday, though, shares of all four
companies struggled as the Basic Materials sector posted significant losses
despite a rally in the broad market. StockCall has released full comprehensive
research on POT, MOS, CF, and IPI and these free technical analyses can be
downloaded by signing up at
http://www.stockcall.com/technicalanalysis
Shares of Potash Corp. of Saskatchewan Inc. struggled in trading on Tuesday.
The stock fell to an intra-day low of $39.21 before finishing the day 0.76%
lower at $39.34. Potash Corp.'s shares have struggled so far in 2013.
Year-to-date, the stock has fallen more than 2.80%, even as the S&P 500 has
posted gains of more than 10% and is trading close to an all-time high level.
The agricultural chemicals company's shares have been struggling to break
through $40 resistance level. The stock's MACD is currently trading below the
signal line and the zero-line, which is a bearish signal. Free technical
analysis on POT available by signing up at
http://www.StockCall.com/POT040313.pdf
Mosaic Co.'s shares fell sharply in trading yesterday. The stock fell 2.06% to
finish the day $58.04. Earlier in the day, it touched a low of $57.51.
Mosaic's shares have fallen nearly 2.70% in the last three trading sessions.
Shares of MOS have pared some of their gains for the year as a result of the
recent decline. Year-to-date, the stock is now up more than 2.90%. Its shares
have also slipped below their 50-day moving average, which is a bearish
signal. The stock's MACD chart further confirms the negative trend. Register
today and access the free research on MOS at
http://www.StockCall.com/MOS040313.pdf
Another stock in the Basic Materials sector that fell sharply on Tuesday was
CF Industries Holdings Inc. The stock closed 2.05% lower at $186.12 after
touching an intra-day low of $184.94. CF Industries' shares have now fallen
nearly 3% in the last three trading sessions. For the year, the stock is now
down more than 8%, underperforming the broad market. The company's shares have
seen a series of lows in the last few weeks, which is a bearish signal. The
free report on CF can be downloaded by signing up now at
http://www.StockCall.com/CF040313.pdf
Shares of Intrepid Potash Inc. fell to a 52-week low of $17.93 on Tuesday. The
stock pared some of its losses to finish the day 1.40% lower at $18.27. In the
last three trading sessions, Intrepid Potash's shares have now fallen more
than 4.20%. Year-to-date, the stock is now down more than 14%. Shares of IPI
have slipped below $19 support level recently, which is a bearish signal. The
downbeat trend is further confirmed by recent volume activity and the stock's
MACD chart. The company's shares are trading well below their 50-day and
200-day moving averages. Free report on IPI can be accessed by registering at
http://www.StockCall.com/IPI040313.pdf
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SOURCE StockCall.com
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